Following the earlier announcement by Bank of Ireland – now EBS have announced that from May 1st they will be raising mortgage rates. EBS say the rates will rise by 0.6%. Both banks have given a bit of notice of these increases – unlike AIB. It was widely assumed that lenders would all be raising rates – so anyone on a variable rate could have fixed weeks ago if they wanted too.
Moving to a fixed rate with BOI or EBS is still a possibility if you are currently on a variable rate mortgage with them – but do it soon if you want to beat the increase. The banks should not charge you for switching to a fixed rate.